Tax and Fiscal Policy

Economy needs medium term measures for recovery, not short-term triage

Mark Littlewood quoted in The House magazine

The Chancellor’s “major challenge will be to ensure an impressive economic recovery over the medium terms rather than engaging in triage over the short term” says Mark Littlewood, IEA Director-General.

Responding to exclusive polling for The House magazine which showed only 35% of people believe the government is committed to the levelling up agenda, Mark added “the initial approach [during lockdown] was to provide a bridge to viable businesses and employees to ensure a swift spring back when lockdown was unwound. However, the longer the economy operates under restrictions, the more he will need to find policies which encourage the creation of new jobs rather than merely the protection of old ones.”

Read the full piece here